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Goldco Precious Metals Review (Updated for 2021)

By John Otis

January 21, 2021

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Best Overall in Precious Metals 

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How do you protect your investments because of stock market volatility or reckless government fiscal policy and deficit spending?

Investments don’t just have to be stocks or bonds. A great route to take is investing in metals, such as gold.

A good reason to go for precious metals is that they don’t rely on the dollar's value. Their worth exists independently.

If the stock market takes a downturn, precious metal investors don’t have nearly as much to be worried about. If anything, precious metal prices can go up during turbulent moments.

You don’t have to invest in metals exclusively, but they’re definitely good to have in any investment portfolio. Goldco is an excellent organization for determining which metals to invest in. Here's the rundown.


This firm, known in full as Goldco Precious Metals or Goldco Direct, directly sells metals and offers both gold and silver IRAs.

Goldco was established in 2006, and thousands of customers have seen their portfolios benefit from the inclusion of precious metals.

Their customer service is also a big pro. Not only that, but they also have some great learning tools available. There’s nothing kept in the dark when you’re working with this company.

Their company is based in Woodland Hills, California, and was started by Trevor Gerszt.

In 2015, Goldco was ranked third by Inc. Magazine in terms of financial services business growth. The Los Angeles Business Journal also called it the 17th fastest-growing business in the Greater Los Angeles region.

Services They Offer


Goldco’s two main services are precious metal IRAs as well as direct purchases. They also have another company that deals with cryptocurrencies.

Precious Metal IRA's

Anyone with income who’s younger than 70-and-a-half can get a traditional IRA. With Goldco, you can get a gold or silver IRA, or them together.

For IRS compliance, they put their precious metal IRAs inside a third-party vault for storage.

Their IRA custodian is Equity Trust Company.

Non IRA Precious Metals

If you don’t want an Goldco IRA, they let you purchase precious metals with their help. There are no age or income requirements.

Once you have your metals, you can store them in a vault or get them sent to you. It just depends on what works better for you.

Cryptocurrency IRA's

Goldco’s sister business is CoinIRA. They specialize in cryptocurrency IRAs, great if you’re into things like Bitcoin, Ethereum and other crypto assets.

Why Precious Metals?


Remember the recession back in 2008, and how much chaos it caused for investors?

People saw their wealth just wiped out through no fault of their own. The market was just in such disrepair that hardly anyone was safe.

Another recession is always possible, and investors need to be vigilant, lest they find themselves in this disastrous situation again. With precious metals, there can be a much greater sense of peace of mind.

It’s not that precious metals don’t suffer as much as other forms of money during recessions. They actually often see a rise in value.

Goldco Fees


Goldco utilizes “as low as” language to show you how affordable their services can be.

Their fees are broken down for both their IRAs as well as their direct metal sales.

Fees For Precious Metal IRA's

One Time Fees:

Price:

IRA Setup Fee

$50

Wire Fee

$30

Annual Fees:

Price:

Maintenance

$80

Storage

$100 (Non Segregated) - $150 (Segregated)

The baseline cost for precious metal IRAs is $260 per year.

For non-segregated IRAs, storage costs $260 for the initial year, then $180 for all the subsequent years. This is the way Goldco prefers to store metals.

Segregated storage costs an additional $50. In the first year, you’ll owe $310, and $230 in the subsequent years.

Fees For Non IRA Transactions

One Time Setup:

$0

Storage:

$0

Yearly maintenance:

$0

That’s no typo. They don't charge any fees with non-IRA transactions. 

Investment Minimums


Want to invest but don’t know if you have enough money to? We’ve got the prices for their services below, for both their IRAs and non-IRAs.

Goldco Investment Minimum

Precious Metal IRA's

$20,000 - $25,000

Non IRA Transaction

$3,500

Are You A Good Fit?


Goldco is an excellent investment for many different people. If these describe you, then you may be a good fit.

  • People who want to invest in physical items. Some companies are at serious risk of going into the red and closing their doors. However, gold and other metals will always have value. Any portfolio is going to be perked up by precious metals. It’s certainly not going to do any harm.
  • Those who don’t want to get hurt by stock market fluctuations. Following the stock market can be incredibly un-nerving. That’s why precious metals are such a good investment. They tend to rise when other types of investments fall. Your fellow investors may start to envy you for how well you’re doing in comparison to them.
  • People reaching retirement age. A stress-free retirement might be hard to come by if we go through another severe recession. Whether you’re retired or about to, having precious metals can be an excellent investment for bringing equilibrium to your assets.

What Do Customers Have To Say?


Goldco has received some truly stellar reviews from customers.

In December 2019, they reached nearly 500 TrustPilot reviews. The average rating is 4.7 stars out of five.

The Better Business Bureau gave them an A+. They also have five reviews with a 5/5 overall rating.

The accolades keep coming at TrustLink, with 240 reviews and a 5/5 rating there as well.

Check out this screenshot for some of the praises being sung.

The IRA Specialists here are also really adored as well.

You’ll see some Specialists named and complimented for their friendliness, knowledge, and customer service.

If you need help with something, they have proven to help you find the answer.

People also love how your IRA Specialist communicates with your former IRA custodian so you can bring your funds over from your current provider.

It doesn’t require anything on your part. Your account can get started, and your paper-backed funds can be swapped for physical items.

Lots of customers say working with the specialists is very smooth and enjoyable.

They’re also relatively easy to contact via phone, and their answers are comprehensive.

Goldco’s customer service is truly unique among financial and investment businesses. The appeal of precious metal investments grows even larger when you see how good they treat their customers. 

What Makes Them Unique?


There are lots of things that draw people to Goldco. These are seven of the best things about this business:

New Customer Special Offers

New customers have two offers to consider:

1. Waiving of fees in the initial year for accounts with $50,000 or more
2. Receiving 5 percent refund in metals for qualified orders of $50,000 or more

Basically, having an account with $50,000 or higher could get your $2,500 in metals and lets you save as much as $320.

Velvet Rope Customer Service

Goldco’s greatest goal is to do right by their customers.

You could start an IRA or buy precious metals, and they would do an equally great job of ensuring you’re being properly assisted throughout the process.

Problems aren’t problems for very long. They also don’t use aggressive sales techniques. Their low-cost design also lets you know you’re getting an excellent return on your investment.

401k and IRA Rollovers

What if you already have a retirement route but want to bring those funds to your precious metals IRA? It’s not too hard to make the transfer.

This is what needs to be done:

1. Goldco Precious Metals IRA is started.
2. Specialists assist with linking old and new IRAs.
3. After money transfers, a specialist works with you to find the right metals for you.

Work closely with your IRA Specialist during this time. The entire rollover takes around 10 business days to go through.

Low Fees

Goldco’s fees are very affordable, allowing you to hold onto your money instead of putting it all on the metals.

With a precious metal IRA, your first-year fees can be $260 at their lowest. Then, it’ll be $180 per year.

With non-IRA matters, fees are nothing. It’s not just a low price, it’s no-price. You can even get your metals stored entirely free. Trust us, this isn’t the case with a lot of other precious metal firms.

Buyback Program

Need to raise money and are wondering what you can do with these metals?

Goldco has an excellent buyback program.

Investors should be thrilled to hear this, as they will give you a much better rate than some suspicious dealer elsewhere on the internet.

You can sell metals to other businesses. However, it’s a lot easier and more rewarding if you stick with them.

Excellent Education Resources

Want to know more about how IRAs and precious metals work? Use the education center integrated into the Goldco website.

There’s a very comprehensive blog that goes over a lot of essential concepts, such as what’s at stake with the global economy.

You can also download multiple ebooks, like “10 Reasons Why The Dollar Will Crash” as well as an essential guide on investing in gold IRAs.

Goldco also understands that you might learn better with videos. Thankfully, they have a wide array of video lessons. These put things like stock market issues into a clearer light.

They aren’t just repeating old news, either. You can see what’s going on with the prices of gold, silver, palladium, and platinum through their live trackers.

If there’s anything else that’s troubling you, talk to their customer service department for a solution delivered with genuine care and attention to detail.

Advanced & Secure Storage Options 

Because of IRS guidelines, any storage for your precious metals must be properly accredited.

Goldco storage agencies are among the best in the industry. They all use modern and sophisticated techniques to keep items safe.

The de facto storage place is Delaware Depository. They’ve been around for more than two centuries, with their systems being remarkably well made.

However, you can choose a different location if you have something else in mind for your goods.

Pros and Cons


Pros

  • Reasonable fees
  • Non-IRA transactions offer free storing
  • Good deals for new clients
  • Great customer support
  • Excellent user reviews
  • Better Business Bureau A+ rating

Cons

  • Doesn’t allow online account setup
  • Need to pay at least $25,000 for IRA deposit

How To Get Started?


To begin with Goldco, you’ll need to take the following steps.

Step 1

Call customer help at 877-360-0011 to get your account initiated.

Step 2

If you’re going to make an account, you’ll get in touch with an IRA Specialist. Alternatively, you’ll schedule a meeting for a future date.

Step 3

In the next call, you’ll give the IRA Specialist all the necessary information to finish the enrollment, start the account, and bring funds over.

Step 4

When there’s money in the account, you’ll discuss which metals to buy with the Account Executive.

From there, you’re good to enjoy the progress and fruits of your excellent investment.

If your chosen metals are available, Goldco will put them in the depository in just a few days. Should they not have them, they can get them in about a month.

If you want to sign up, give them a call at 877-360-0011, and talk with an agent. 

How To Contact Customer Support?

In case you need some questions answered or run into some confusion, which is totally normal, you can easily reach out to Goldo’s customer service department. Use these methods for getting in touch. 

  • Live chat - You can use the live chat on their website
  • Phone - You can reach them by phone from Mondays to Thursdays between 8 a.m. and 5 p.m. Pacific Time and on Fridays between 7 a.m. and 4 p.m. Pacific Time
  • Email - Email them at info@goldco.com
  • Contact form - The Goldco website has an easy to use contact form on their site

Final Verdict: Should You Invest?


You should invest with Goldco if you’re interested in precious metals and want to find a firm that will treat your investment and you with equal regard.

They care about their customers both as investors and people. It’s even a pleasure to do things like make your account and work with the Specialists.

If you’re not an IRA investor, you’ll work with an account executive. They’ll work to get you your metals in a timely fashion.

Goldco is an exemplary precious metals, and it’s a great way to boost your investment portfolio or introduce precious metals into your assets.

Our Partner

Best Overall

First Glance

Best Overall in Precious Metals 

Quality Customer Support

Reasonable Fees

Overall Rating

5/5

BBB Rating: A+

Trust Pilot Average Rating: 4.9/5

John Otis

About the author - John Otis

In the modern age of reckless government spending and central bank money printing, my sole objective is to help others protect their savings, retirement, livelihoods, and purchasing power from currency devaluation. Otis Gold has been featured in Financial Times, Yahoo Finance, Kitco News, Motley Fool, Seeking Alpha, and more. If you have any questions or comments, leave them below. Welcome!


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